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Regulatory Enforcement and Sanctions Act 2008

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This is the original version (as it was originally enacted).

53Costs recovery

This section has no associated Explanatory Notes

(1)Provision under section 42 may include provision for a regulator, by notice, to require a person on whom a discretionary requirement is imposed to pay the costs incurred by the regulator in relation to the imposition of the discretionary requirement up to the time of its imposition.

(2)Provision under section 46 may include provision for a regulator, by notice, to require a person on whom a stop notice is served to pay the costs incurred by the regulator in relation to the service of the notice up to the time of service.

(3)In subsections (1) and (2), the references to costs include in particular—

(a)investigation costs;

(b)administration costs;

(c)costs of obtaining expert advice (including legal advice).

(4)Provision under this section must secure that, in any case where a notice requiring payment of costs is served—

(a)the notice specifies the amount required to be paid;

(b)the regulator may be required to provide a detailed breakdown of that amount;

(c)the person required to pay costs is not liable to pay any costs shown by the person to have been unnecessarily incurred;

(d)the person required to pay costs may appeal against—

(i)the decision of the regulator to impose the requirement to pay costs;

(ii)the decision of the regulator as to the amount of those costs.

(5)Provision under this section may include the provision referred to in section 52(1)(b) and (c) and (2).

(6)Provision under this section must secure that regulator is required to publish guidance about how it will exercise the power conferred by the provision.

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